Wednesday, November 25, 2015

Pricing for Fed’s December move on the rise – Westpac

FXStreet (Delhi) – Sean Callow, Research Analyst at Westpac, suggests that pricing for a Fed’s Dec move has risen above 70% and robust job creation points to ongoing tightening in 2016 but this is not translating to faster wages growth so inflation still argues for a cautious approach.

Key Quotes

“The FOMC held steady in Sep, seemingly spooked by the Aug CNY devaluation and steep slides in China’s stock market which spilled over to Wall St.”

“But the recovery in EM and US equities in October produced a virtual “all clear” from the FOMC on 28 Oct. The statement’s reference to a potential rate increase at the “next meeting” has since been reinforced by commentary from many officials.”
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